8-K: United States Commodity Index Funds Trust Reports Positive Monthly Performance for September 2024

United States Commodity Index Funds Trust reports positive net income for both its Commodity Index Fund and Copper Index Fund for the month ended September 30, 2024.

Summary

• The United States Commodity Index Funds Trust released its monthly account statements for September 2024.
• The United States Commodity Index Fund (USCI) reported a net income of $4,134,049 for the month.
• The United States Copper Index Fund (CPER) reported a net income of $12,438,244 for the month.
• The total net income for the series of the United States Commodity Index Funds Trust was $16,572,293 for the month.
• USCI's net asset value increased from $176,772,766 to $180,906,815 during the month.
• CPER's net asset value increased from $164,289,639 to $177,328,958, including share additions and withdrawals.
• The total net asset value for the series of the United States Commodity Index Funds Trust increased from $341,062,405 to $358,235,773, including share additions and withdrawals.

Sentiment

Score: 8

Explanation: The document presents a positive financial performance for both funds, with significant increases in net income and net asset value. The sentiment is positive due to the strong financial results.

Positives

• Both the USCI and CPER funds experienced positive net income for the month of September 2024.
• The net asset value of both funds increased during the month.
• The total net asset value for the series of the United States Commodity Index Funds Trust increased significantly.

Management Comments

• Stuart P. Crumbaugh, Chief Financial Officer of United States Commodity Funds LLC, stated that the information in the account statements is accurate and complete to the best of his knowledge and belief.

Industry Context

This report provides insight into the performance of commodity-based exchange-traded funds (ETFs), which are often used by investors to gain exposure to commodity markets. The positive performance of both the USCI and CPER funds suggests a favorable market environment for these types of investments during the reported period.

Comparison to Industry Standards

• The performance of USCI and CPER can be compared to other commodity ETFs such as the Invesco DB Commodity Index Tracking Fund (DBC) and the iShares S&P GSCI Commodity-Indexed Trust (GSG).
• The reported net income and net asset value changes are typical metrics used to evaluate the performance of commodity ETFs.
• The specific performance of USCI and CPER would need to be benchmarked against their respective underlying commodity indices to determine if they are outperforming or underperforming their benchmarks.
• The management fees and other expenses are also important to compare against industry averages to assess the cost-effectiveness of these funds.

Stakeholder Impact

• Shareholders of USCI and CPER will likely view the positive performance favorably.
• The increased net asset value benefits shareholders by increasing the value of their holdings.

Key Dates

Keywords

Commodity Index Fund, Copper Index Fund, Net Income, Net Asset Value, Monthly Account Statement, Commodity Futures, USCI, CPER